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savings goodbye. a gas tax hike that could wipe them out. ick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> talk about a kick in the gas. a push to double the federal tax on every gallon of gas. to democratic congressman says it's time and it will do some good. you're talking about hiking the tax to more than 33 cents a gallon. that doesn't sound all too good but explain why you think it's a good idea. >> well, first of all, we haven't raised the gas tax in 20 years. during that time the amount that the average motorist pays per mile they drive because of increased full efficiency and inflation, has been cut in half. we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened t
to qualify. you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! >>> today the administration is fending off a new wave of republican and conservative legal challenges. two states are claiming the irs does not have the power to give tax credits or subsidies to people who buy insurance through the federal health exchange. that is a long shot, although it is one in a series of suits across the country that target the affordable care act. i want to bring in oklahoma congressman james lankford and number five republican in the house. good to see you, congressman, good morning. >> good to see you as well. >> we
involving an internet sales tax. amazon an overstock.com were appealing the online levy imposed in new york state. but it's a battle imposed with results. what does this mean for online shoppers? >> all i can think about with this story is taxes. this is what it tells us we know now that the price that online retailers get is probably going to go away because that differential is really about tax. they will now be on par with the brick and mortar retailers and they won't have that edge they've had. we'll probably see less showrooming where people go to a store, they look around and pull out their mobile phone and buy the item online. we're going to see a lot more bureaucracy, states find municipalities making it so hard, so complicated, they're going to be dealing with a very tangled tax web. >> the potential tax revenue, though, for manile of these states that they would lose is huge. >> that's why these states are saying i want amazon to collect taxes coming into products coming into our state. we need the revenue. >> especially after the financial crisis. >>
, attacking labor. everybody makes way too much money in detroit and that's the problem. low taxes. of course, we've got to cut taxes. but here's the catch. wi withholding state money from the city has helped crush the city of detroit. now, i don't know what city you live in. but let's just think about this. all of a sudden, your city, and you pay state taxes, you're not going to get any state funds anymore. oh, no, no, no. you live in who struck john usa. no, you don't get taxes anymore. the state legislature is holding the money from you so you have to suck it up. the numbers are pretty staggering. you've got deregulation of wall street, which has also hurt the pensions and when it came back, how much money did that go to the pension fund to help out oh? detroit lost roughly 300,000 jobs over the past 30 years. there is no way a city survives when it loses 90% of its manufacturing base. the tax base has eroded, along with public services and public safety. what's the result? people are getting the hell out of town. severe outmigration. and those who are staying there are getting stuck with
pipeline and try to create additional loopholes for folks with tax codes. so it's really very difficult when you have a president on one side of these issues and a congress that is just reluctant to do anything to ensure equality for all. >> and jared, angela mentioned things again, the key stone pipeline, prescriptions you hear from the right that really don't seem to comport to what the president is saying but really what the american people are saying. you are starting really see a consensus among a lot of people that the idea of raising the minimum wage is a good idea. that we're not a makers/takers economy. that people aren't excited about the idea of low wages and people having to work on every holiday. and of management making 200 times what their workers are making or ceos making 200 times -- >> 273, i think it was. >> 273. so why do you suppose that this sort of consensus on one side has not -- has not affected republican thinking? >> well, i think it's pretty simple. i think that in terms of economic policy, republicans have been stuck ever since the days of reagan, if not bef
the memo from the supreme court. it is not a penalty. it's a tax. that tax will be 2.5% of your income in three years. that's how they're going to get, i guess, young people to voluntarily pay more than double. in wisconsin a young man 27 years old, on average his insurance costs will increase by 124%, from about $1,100 a year to over $2,400 a year. that is because of obamacare. the patient protection affordable care act. >> you have obamacare? >> they're trying to get it. we've only gotten a few members of our staff that have been able to sign up so far. i think they've got to sign up today in order to make sure it is in place. my staff is scrambling and my wife is trying to find insurance in the state of wisconsin. >> this week is going to be the medicaid week. the president and the white house are going to be talking about how great it is to expand medicaid. you're not against -- >> brian, we've got to remember in 2009 when this law was being debated, 85% of americans maybe were satisfied with the price of the health care but they liked the health care plan they were on. they liked
. there are a lot of deals but many of the customers are committing tax evasion. you see, online retailers don't always charge state sales tax which leaves it up to the customers to pay the sales tax, and believe it or not apparently allot of -- a lot of us don't do that volunteerly. a recent congress recall report estimates the losses are $11.5 billion per year. in fact the supreme court just hours ago declined to take up a question whether retailers like amazon need to collect taxes in states where they don't have a'll presence. those retailers help minimize that presence by shipping across statelines, like putting processing facilities in new jersey and shipping into new york, using services like fedex. fedex predicts this cybermonday will be its busiest days ever. we're at a processing center, fulfillment? what's it like on the ground there? >> reporter: it has been crazy. passages have been flying around, documents being sorted. we're at a fulfillment center in the bronx and thousands of packages among the 22 million pagan -- packages ships today, an historic record. it's helping to lift
much, bill. >>> well, the battle over sales tax for internet purchases heats up. >>> the most and least corrupt countries around the world. >>> plus, an eighth shark attack off the coast of maui in hawaii this season. this one is fatal. we'll have the details coming up next. ooh, homemade soup! yeah... [ male announcer ] campbell's homestyle soup with farm grown veggies. just like yours. huh. [ male announcer ] and roasted white meat chicken. just like yours. [ male announcer ] you'll think it's homemade. i love this show. [ male announcer ] try campbell's homestyle soup. before using her new bank of america credit card, which rewards her for responsibly managing her card balance. before receiving $25 toward her balance each quarter for making more than her minimum payment on time each month. tracey got the bankamericard better balance rewards credit card, which fits nicely with everything else in life she has to balance. that's the benefit of responsibility. apply online or visit a bank of america near you. >>> in the news this morning, a man fishing from a kayak off the coast of maui
department watchdog is noted potential problems come tax season. the inspector general for tax administration says existing irs systems do not have the capability to detect fraud when it comes to the subsidies to help people buy insurance in the form of tax credits. the administration officials say the irs aggressively safeguards the systems to combat any fraud and as the affordable care act is no exception. >>> the result of paul walker's autopsy are expected to be released today. he and his friend were killed in a fiery and tragic car crash saturday just moments after this photo was taken at the fast and furious actor stepping inside a 2005 red porsche. walker said the actor was the passenger in that car. the autopsy is completed tuesday should officially confirm that. >>> investigatesors say they don't believe that walker and his friend were racing another car. speed is considered a factor in the crash. universal pictures said tuesday the production of "the fast and furious 7" is on hold. the company has not said how they might change the movie. it is die out july of next year. universal p
reforming the corporate tax code, offer high quality preschool to every child, encourage low-income students to attend college, enforce collective bargaining laws, raise the minimum wage and he challenged republicans, who posed those policy proposals to step up and offer their own. >> you owe it to the american people to tell us what you are for, not just what you're against. that way we can have a vigorous and meaningful debate. that's what the american people deserve. that's what the times demand. >> but here's challenge. for republicans to offer proposals of their own, they would first need to acknowledge that the growing income disparity in america is in fact, you know, a real thing, and have to decide if ideolodge cll cli it's an issue wooirt dressing and if so if it is the government's problem to fix. joining the table is mark mor yell, president and ceo of the national urban league and former mayor of my city, new orleans, joel berg, the executive director of the new york city coalition against hunger, and ovit roy, a senior fellow at the manhattan institute. i want to ask amy quickly
warmed his hands on the panels and promised tax credits to people who put them on their homes and businesses. let's get energy independence, go solar, well, seven years later, a republican president named ronald reagan had the panels taken down, supposedly for repairs. this summer, new and improved panels got put back up, once again as part of a green overhaul on pennsylvania avenue. the new panels are expected to pay for themselves in energy savings over the course of president obama's tenure. but just down the street at the grand hyatt hotel in washington, the white house's solar panels are the object of scorn and strategy. it is the meeting of the exchange council, alec, the consortium, where mostly republicans fought for the passage in their states. the initiative is to punish american homeowners who choose to go solar, the idea is to make the solar-powered homeowners pay a penalty for using fewer fossil fuels, disincentivize the use. alec's stated objective is blocking the renewable energy at the state and federal level. touting their laws that reform, freeze or repeal st
and corporate tax rate with 5%. give parents more school choice and education tax credits and loosen visa rules to encourage entrepreneurs to open businesses. while those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. the president pours a trillion dollars into the nation's economy when you divided it out, it was about $400,000 per child. the problem with a government stimulus is you pick the winners and loser rs. with this stimulus i'm talking about, a free market stimulus, you simply leave the money in the hands of those who have earned it, so the customers have pickeded out the successful people. those people get more money. like i met a young man, young african man who has his own restaurant. his first question is do you have any tax breaks for me for my business. that's what what would do. help people in business and trying. >> but i don't have to tell you senator, republicans have a steep hill to climb in inner city neighborhoods. in detroit in november, 97% of detroit voters supp
was on the ways and means committee, we drafted a bill to cut off all tax benefits to united states firms doing business in south africa. which meant that in addition to paying taxes to them, they had to pay taxes to the united states. and that meant that most all of them immediately left there. so i had no idea that president mandela or at that time when he was released from jail before i went back for the campaign. and someone was telling him about the rangel amendment, and he said no, not the rangel amendment. i said i'm going to be embarrassed. he said no, in south africa it's known as the bloody rangel amendment to the whites. his sense of humor on serious issues is equality that quite frankly and i've given it a lot of thought before i've said that that i've never seen or heard that anyone would ever have. >> congressman charlie rangel, always good to have you on the program. but thank you so much for coming in on this day in particular. it's good to see you. >> thank you, chris. >> we will return to our coverage of nelson mandela's life after the break. south africans have been singing a
on taxing some down. >> why do you think republicans seem so fixated on the government reliance narrative and this tax and spend. this tax and spend phrase that they of the to use over and over again? >> that's the only message that they've been able to promote, and i think a lot of the republican message has been similar to mitt romney's 47% comments and it's a problem for republicans because they spend the majority of the time since the 2012 elections trying to cut food stamps and we also know they oppose a minimum wage hike with respect to sequestration and they expressed concerns over the cuts and they've disproportionately impacted on those relying on headstart and meals on wheels and the rnc had come up with the 2012 autopsy report and it urged republicans to reach out to the poor and not simply be the party of the wealthiest americans and come up with policies that would actually lift americans out of poverty and they continued to push this anti-obama agenda and that's why they're reframing the debate around the economy because they know that's a winning issue for them and republic
the globetrotter's theme song ] >>> and tax your christmas tree. we're not kidding all r. all the appalls details. stay tuned. >>> and the family of a fallen veteran shocked to see his picture pop up on dating websites. how does that happen and can they fight back? our legal team is next. >>> welc. some quick headlines. a man trying to transport a 50-ton war machine loses control, not once, but twice. oregon state police say the vintage tank somehow slipped out of gear and rolled down a hill. don't you hate when that happens? when the driver tried to tow that machine it started rolling again. he was cited for reckless driving and criminal mischief. >>> google mail, known as gmail, letting you unsend messages but you have to be fast. theail feature you activate in the settings menu gives users a 30 second window to stop that message from sending. every time you send a message it pops up with a box with the message to undo. hanna? >> thank you. the family of this fallen soldier is furious. why? because somebody took staff sergeant matthew pachino's pictures off his memorial website and used them to
pay taxes on it. >> and given the recipe to uncle sam? >> right. you have to turn over your rights to the recipe. >> but you didn't have to change the recipe? >> n. we don't want to change it. this is the best recipe in the whole world. we don't want to change it or mess up things. >> how do you characterize the success of the show? it's number one on tuesday nights. we can now drink liquor in public, unlike the flapper year when we first broke in the show, we could not serve liquor. now we can. how do you explain the success? >> we got the best maker here. >> and you were on the run, too. >> i was on the run. >> true. but there was an anxiety to the episodes. >> yes. >> you were rejected four times, right? what was the difference? >> the label was rejected a couple of times. some of the information. it's just the accountability. the government really wants to know exactly what's in that bottle. >> and they really want their tax money. when we watch the show, and it's great. it's really interesting. if i were a moonshiner, i'd be worried all the time that you'd get arrested. >> we
more about tax advantage tax savings plan. ♪ >>> they came out of the gate last week and led the giants 14-0 in the first half. welcome to "redskins showtime" i'm chick hernandez. after a season-long drought in the first quarter the
top an elaborate tax regime had a was aimed at extracting as much money from aid agencies as possible. there were fees that aid agencies were forced to pay. it ranged from $500 to $10,000 in some cases. and there were additional taxes levied on aid agencies. they ranged from individual projects. at the same time al-shabaab was able to apply a robust monitoring and supervising of aid agencies where they recruited recipients of aid to report on humanitarian workers. in the end one could argue that these activity versus saved lives on the part of humanitarian workers, but at the same time it became a source of revenue for al-shabaab. >> so what are you recommending from this report, from your research. >> reporter: well, one of the challenges that aid agencies face are the laws and counter terrorism regimes that exist in the west. if they're exposed they could be prosecuted for this. one of the recommendations in the report there needs to be a conversation about the intent of these laws. the intent of these laws was not to starve people to death. obviously it was to make sure money does
. they came up with the negative income tax which led to the income tax credit that's helping a lot of poor people. they came up, dare i say it, with health care exchanges which president obama put into law. they came up with revenue sharing to help stress state and local government. they're turning their own back on their own history. not just on liberal ideas. >> you know, congressman, a lot of people -- this was brought home when they realize you're talking about children. there was as i said this very arresting article in "the new york times" this morning front page that i read very early this morning. about this 11-year-old named sesani. and it brought to mind when the president was speaking on income inequality. he talked about children in poverty. listen. >> the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own. that should offend all of us. and it should compel us to action. we are a better country than this. >> i mean, when we get to the point where children in no fault of
negotiations are about. some include assets and raising fees and not taxes. in addition, negotiators want to relieve cuts in military problems by finding savings elsewhere. the deal could be announced as early as this week or early next week. keep in mind they are not back until monday and congress leaves for the holidays next friday. that of loose a few days to get a deal through both houses. so far both sides are noncommittal about the chances that it gets done. the speaker said that the speaker knows ryan is committed to finding common ground and hopes democrats will work to find a smarter way to cut washington spending. on wednesday, congressman jim clyburn and a member of the budget conference said that nothing is set in stone. >> that's the problem we get with these things. you agree to something and you look around and the goal post gets moved. we on a democratic side are not going to agree to anything. until everything is agreed to. >> joining me now, the chair and new york congressman israel. thank you very much for joining us. >> thank you for having me on, luke. >> off the bat,
policies, such as raising taxes on the rich and increasing spending on the poor have contributed to the income divide? >> yeah, it sure does, greg. what's interesting, you just nailed it. if you look at the sideways in america since at least the 1960s, it has always been the case in america and still i believe today that anyone can succeed in this country, and the president was essentially saying if you grow up poor in america today, you can't get rich, which is contrary to what the american dream is all about. and what is interesting about this issue of income disparity is that what happened in the '80s and '90s especially under president reagan, a republican, and president clinton, a democrat, we had rising mobility. in the last five, six years we haven't seen that. it is true the rich are getting richer and the poor getting poorer under this president's policies. >> his latest idea is to raise minimum wage. he claims there's absolutely no evidence that doing so costs jobs. even "the washington post" gave him two pinocchios for that one. doesn't research consistently show emplo
not have from either party and certainly from the white house an economic plan. there's no tax reform. no plan for economic growth. there's no plan for empowerment. bottom line the white house is talking redistribution. the republicans are talking no. and the american people are sitting there saying, what's in it for us. >> and doug if you're a 25-year-old, right, if you have a job, you're paying tax to pay for social security that you don't believe you'll ever collect a penny of. you're now paying into a health care system that you don'tyou n. medicare, medicaid. no wonderer they feel hopeless. >> i'm seeing a lot of that on twitter. this gentleman calls himself strawman. he says forget obama. can america reverse down ward spiral. gop, dnc, both focused on winging at the expense at the united states. >> that's what most people in america think. and today i got a quote sent to me and it says republican and free government would be an obvious absurdity if the particular checks in controls provided by the constitution had no real influence for the public good. and that is what we have n
or delayed environmental or labor laws or enacted controversial tax cuts outside of congress. jenna: what was the argue against the president overarching or alleged overarching on obamacare? >> we had simon lazareth on the stand today and he said the president delaying the employer mandate, he called that a routine, quote, course correction in implementing a new law and opponents of the law are, quote, hyper ventilating over a temporary delay. >> this and other subsequently announced delays related to the a.c.a. do not constitute refusals for the a.c.a. at all. they are merely phasing in adjustments designed to ensure effective implementation of the overall statute in accordance with the purposes. >> the ranking democrat finds it, quote, very interesting that republicans who strongly oppose obamacare are now so determined to make sure this law is followed and implemented on time. jenna: molly live in washington. thank you. jon: fox news alert now. we're waiting the start of a new push to change the tone on obamacare. the president is about to hold the first in a series of events today to
lawmakers do not deserve it. california has one of the highest tax rates in all the united states. how about that? >>> it has been an annual christmas controversy in rhode island. for the past two years the so-called grinch governor, lincoln chafee outraging christians by referring to the tree at the statehouse as a holiday tree. now chafee is doing an about-face, finally calling it a christmas tree. in a letter the democratic governor says the past practice of calling it a holiday tree just generated too much anger. what do you think about that switch? those are your headlines at this hour. >> thank you very much, heather. every time we do a story about lincoln chafee, people write in, steve, you look a lot like him. i should go to rhode island with a christmas tree. >> you belong in the statehouse. >> we rhode islanders would not mind you coming to -- >> i bet. thank you very much for joining us on this awfully busy tuesday. a dozen minutes now after the top of the hour. the numbers are shocking. nearly 22 million people over the age of 18 still living with their parents. our next guest sa
that applying for health insurance now is more like doing your income tax than going to the doctor. >> okay. >> what you need to gather is a lot of financial information. your last year's tax return. if you didn't have one, information about payroll, pay stubs, et cetera. >> and gather all this information before you go to healthcare.gov. >> yes. because you're going to need it to complete the application. the other wonderful piece of news that came out yesterday that no one seemed to notice is that for the very first time healthcare.gov has a shopping function, a browsing function. something it should have had from day one but it's now there and working. when you go on the home page, there's a little -- >> the little -- >> the little medallion on left, click on that, and you can enter some very simple information about yourself and see all of the plans available to you. >> without putting financial data, stuff in you may not want to. >> no financial data. it won't calculate whether or not you have a subsidy coming to you, but it will show you the plans available to you in your area with th
taxes and have to support their kids just like we do. so why not pass the bill? richard supports reform too. quote, it's the right thing to do. we'll have more on the fight next. but first, we want you to weigh in. head over to facebook and search "politicsnation" and like us to join the conversation that keeps going long after the show ends. ya know, with new fedex one rate you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ >>> speaker john boehner wants you to know that he's got the christmas spirit. just moments ago he lit the official capital christmas tree on the national mall talking about the spirit of the holidays. but literally just steps away are a group of people the speaker has refused to speak with. these activists have bee
the earned income tax credit. one way they are doing that is through obama care which provides a new health benefit to low wage workers who don't get insurance through work. part is what is politically attractive, it doesn't have an explicit cost to taxpayers, it pushes the cost on to employers. the problem with any program with a hidden economic cost, it does flow through somewhere. for example, from retailers that have a lot of minimum wage employees and to some extent in the form of lower employment for people with low wages. it would be nice to talk about a broader sweep of policies aimed at increasing a lot of people with low incomes. nobody is willing to talk about things that cost money to the taxpayer. >> i don't want to get in a big debate about the minimum wage today, maybe another time but the research seems to show that there is little to no impact in terms of increasing unemployment. we have natural experiments all across the country with states and localities that have varied levels of the minimum wage. i did want to listen to what the president had to say, bigger picture abou
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critical condition numb enough t tea. taxed enough already. >> live within your means just like we do as businessmen and women and as family members. we live within our means. >> i mean, i'm for that so maybe i'm a tea party guy. >> it's not radical. the media wants to make it radical movement. >> the media wants to make it a radical movement. >> government you work for us, we don't work for you. >> once again it came back, i think the tea party message is a good one. i certainly want smaller government and lower taxes. stimulate the economy. when the tea party doesn't want to compromise and blow things up again the message gets lost in the strum of controversy. >> like what? what's an example of blowing things up. >> everybody knew and i said this on the factor very early on that you weren't going to defund obamacare it wasn't going to happen. >> even though the candidates who had run for office all promised that they would do whatever it took to repeal. >> these are weasels. >> i will agree with you on that. >> but you weren't going to get it done because the power is in the hand of
reduce the debt, doesn't close corporate tax loop holholes or fully repl sequester cuts. rob portman believes a deal will come soon. while not trying to rock the boat. >> the key is that we not have another government shutdown, that we do keep the spending caps in place. that we don't raise taxes at a time when the economy is still weak and i think we can accomplish that the next couple of days. >> congressman chris van hollen says he puts the chances of a deal at 50-50 and that any cuts to federal employees' pensions would be a deal breaker, at least for him. >> you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agribusinesses that get huge taxpayer subsidies to have a contribution. >> of course he has a slew of federal employees in his district. joining me now dnc congresswoman debbie wasserman schultz of florida. thanks for being here. now, the "washington post" quotes the head of a bipartisan think tank that this could be declared a victory is an indicator of how low the
for the first time in 20 years. >> i was very surprised at the prices actually. we entered all my tax info and income and stuff, and i was pleasantly surprised. >> reporter: erin is in her 40s and has health issues but for the new law to work, the white house needs millions of healthy young people to sign up to make coverage moreffordable for everyone else. the president made his pitch during a white house youth summit wednesday. >> i hope you haven't been discouraged by how hard it's been because stuff that's worth it is always hard. >> reporter: a new harvard university poll shows just 20% of americans under age 30 plan to enroll in a health care plan as part of the affordable care act. nearly half say they're unlikely to sign up. >> i would rather do the finer things, obviously. i don't know how much health insurance is but i know it's a lot more than that. >> reporter: the white house is hoping 7 million americans will sign up by april. now, as part of the administration's effort to focus on a different benefit, today the white house is going to be concentrating on insurance companies
. it wouldn't close corporate tax loopholes. it wouldn't fully replace sequester cuts. in essence it appears it would just avoid another debt crisis on capitol hill. >>> a rare trip to pakistan for chuck hagel. it is the first trip there for a pentagon chief in three years. his meetings with pakistan's prime minister over tensions with drone strikes and hopes to repair the relationship. he made a surprise visit to troops over the weekend and told them a possible budget deal could restore money to the military but notably he did not meet with president hamid karzai who ruffled feathers by refusing to sign a security deal. >>> a pod of wayward whales has risen. officials found 11 dead pilot whales in the florida keys sunday afternoon bringing the number of recovered character casts carcasses to 52. officials do not know the status of the remaining whales. >>> okay, a bizarre plane incident left one passenger with quite the surprise. tom wagner was on united flight from louisiana to california when he awoke to find the flight empty and the plane locked. >> i looked up at the ceiling and i saw t
example. a majority of voters think we should raise taxes on the wealthy to support the middle class and spur job creation. >> that is a part of this economic populism. it's what they're about. they're about 1% status quo. >> what warren is getting at and the subdebates is she sent this letter out challenging the six big banks, disclose all of yourks who are you funding think-tank wise? they haven't done that t. leaders of third way i think they said les than 1% of our funding comes from wall street. but what they were also left opened was the possibility that a lot of money comes from people who make their money on wall street. it's not directly coming. it is still in a way wall street money. >> what strikes me about the internal democratic debate versus the internal republican debate in washington is that the dewitt on the left seems much more substantive, right? there are genuine disagreements over policy that are taking place and shaping this debate. in walling, at least, it's more about tactics and strategy and how aggressive. they're shut down, for example. that wasn't a policy
increased taxes. >> what the bay area teen who was set on fire on a transit bus is doing today after leaving the hospital. >> a city spent $3 million on new parking meters and the rope it now is ripping them up. >> traffic on the san mateo bridge -- it shows traffic is back to work. we have nog. we have a cold snap. we provide the exact individualization that your body needs. it's the ultimate sale on the bed clinically proven to improve sleep quality. the sleep number bed. once you experience it, there's no going back. for two days only, queen mattresses start at just $599.99. and save 50% on limited edition innovation or memory foam series beds. plus special financing. only at a sleep number store. sleep number. comfort individualized. >>> the clouds are cascading over the north bay hills and we do have mostly fog to start. santa rosa is 39. 34 in napa. 41 in concord. chilly in gilroy at 39. we do have clouds that will increase overnight and they will dissipate by tuesday afternoon. you can see how thick it gets with the cold front coming that will bring a chance of snow showers in the sie
's driving this. they passed a tax increase with the president, but in general not a lot moving. things are going to move on and they are looking and talking about hillary clinton and what's going to happen then in 2017 as if he's a lame duck already. >> that doesn't help. this quote is like -- the problem the president has is that perception among democrats in washington that he's already a lame duck. that's what the quote screams. >> you have to separate out what goes on here. the thinking of people here and the calculations and all that. with the rest of the country. >> but i think what happened this year is that it has infected the culture of the political class who are watching the president. i think that turning that around, even if the health care law, the website begins to work better and there were further signs of improvement. it's a larger problem than bouncing back. >> the bigger issue this year is one of the things about this idea that politics, both parties are a mess. both parties. the president is a mess. the alternative seems like the unexpected in 2014 will be how do t
taxes and regulations. so a lot of division in washington, a lot of back and forth. that's just part of life here. but certainly the insurance industry will benefit. >> doesn't fact the vast majority of white house get our health insurance appance from our employers, but other people are not affect -- for everybody else, go out and check it out yourself. don't listen to the narrative on either side. find out how it affects you and your family. thank you very much. >> thank you. >> the los angeles county coroner's office reports it will soon release the results of an autopsy on actor paul walker. in fact we could get it as early as today. paul walker died saturday when a porsche in which he was riding crashed into a tree in los angeles and burst into name investigators have said all along that speed was indeed a factor. medical examiners say paul walker runs body, along with the driver's body, are unidentifiable. they're reportedly waiting for paul walker's dental records to normally identify his remains. >> the engineer in this week's deadly commuter train crash in new york city is n
into bankruptcy, what was that? >> they cut revenue sharing. >> meaning the state would take the taxes collected from all over the state and it would go back out -- >> yeah, parse it out. one was because of the detroit losing population. most of it, $44 million, what was a state law that went into effect in 2012 just before the city ran out of cash. >> they pass a bill that takes $47 million out of the ledger of detroit, and detroit files for bankruptcy. >> then the emergency manager appointed by the governor, who is virtually a dictator, did the bankruptcy filing. it was the governor's agent. >> the judge said there is not enough evidence to say the fix was in, what was your opinion of -- when people look at detroit, they say classic story of big government gone awry. too many employees and pensions, why did detroit go bankrupt? >> the numbers just don't depict that. we took a good look at the numbers, the great reception drove unemployment up to 30%. it was a devastating event. since the great depression, they cut their budget by 38%. >> so they are spending 38% less? >> yes. the number of emp
for bullets. i think the president decided, congress can't challenge me, he will spend money and tax and write regulations if he decides to. and we're down to that "i" word. and it will be the american people who have to rise up. >> congressman, you know there is no appetite for that. >> listen, what we have to do, the ultimate remedy for an out of control president is elections. and it is not just the elections of the president. it is the upcoming mid-term election where we have to take control of the senate and the house to keep this out of control president in check. your vote is what is going to make the difference. >> all right, guys, good to see you. coming up next. big interview this week, chris matthews will interview the president. we'll get into that. also the next example from the wasteland that has become known as washington, d.c. we'll reveal how much of your money the state department spent on booze. this should make your blood boil. by the way, it was the third and final option of the video during the day. the heartwarming clip of this little boy becoming a police officer. so is
the country. they can raise taxes. that is a lousy option. they raised taxes already. or they can get a bailout. >> imagine how nervous these families are right now. 25 years and 35 years and one thing we can count on is a happy retirement. >> my heart goes out to these people. they earned those pensions, and they are going to be cut. i blame the politicians a generation ago who made promises which cannot be kept. >> and the unions who cut the deals for then not thinking of later. stuart varney, we're going to watch you at 9:20. three minutes before the bottom of the hour. a woman walking her dog is mauled by a bear. >> how old is she? >> i can't tell. she's so bloody, i can't tell. >> a frantic effort to capture the bear before it attacks again. the wildlife officials are using -- what wildlife officials are using to try to lure the animal out. >>> a marine bringing attention to a common problem in the military. >> typical missions for us last up to a week or more and the only food we have is the food we carry with us. >> up next, giving energy to troops everywhere and it's a success
501 c 4 organizations should receive a tax exemption. it was never made clear. why shouldn't we expect the worst. my rule in politics, if it's better than it looks they will fix it. if it's worse they will make it stand. if they thought better they should have made it. that's the job of a politician. just for a second i want to point out something. i haven't heard anything as smart as what i heard reverend sharpton say in five years. that is the most perceptive thing i've seen. the difference f.w. de klerk handled the need for change and inevitable election, democratic election of nelson mandela, truly legitimate for nelson mandela, he was never legitimately elected. for him to recognize his role in history as a patriot at that point so different than the way mitch mcconnell handled the election of obama. so different. to set it up that way, the juxtaposition, they were willing, mcconnell people on the far right were willing to destroy the country to destroy obama. whereas to succeed in a country he live f.w. de klerk was wi to see it transformed to black rule so it could be done succe
bush tax cuts remain and much of the obama agenda is stalled. progressives blame the president and weak party leadership. >> democrats didn't push hard enough to create an agenda that would put america back to work, rebuild our infrastructure, get us out of the wars, and to take us in a new direction on trade and push for civil liberties. >> reporter: but the think tank known as third wave ripped into far left economic pop ulists, warning in a hard-hitting op-ed that, nothing would be more disastrous for democrats. the political problems of liberal populism are bad enough. the movement relies on a, we can have it all fantasy. when the tea party pushed the gop right, democrats lost the house majority in the biggest blowout in 50 years. a coalition of 54 blue dog democrats saw their ranks decimated by more than half then, and they're down to 15 now. blue dogs were all the rage in the '90s. president clinton declared the era of big government over, the economy was strong and budget was balanced. >> growing the private economy is the prerequisite for being a party of opportunity. that's som
that conversation is precisely because one side of the aisle cannot agree on anything other than keep taxes low and somehow trickle down economics are going to solve all our problem. in that way the president's speech is incredibly forceful, spoken in an empty room. i don't know that the people that need to listen to it are even listening or responding. >> they aren't listening. one, because they don't like the message. two, they don't like the messenger. you said something important epa folks need to hear again, the president's speech about income inquagt quality, this is something the president has been talking about since before he was president. this is consistent. i think what's changed now is the country has moved to a place where now they are ready to hear this message and want something done about it. the only problem is the other side. >> on that skeptical note we'll take a break. president obama is headlining a group of former u.s. presidents, dignitaries and heads of states who will attend tomorrow's memorial for nelson mandela while senator ted cruz is headlining a group of two doze
the christmas recess? well, yeah. they're going to go shopping. they're going to take your tax dollars and go shopping. and now if you're asking me if they're going to make a deal, probably not. it's the congress. stick around. rapid response panel coming up. >>> i'm jane wells with your cnbc market wrap. the dow dropped 77. the s&p lost four. and the nasdaq down 14. this despite good news manufacturing activity topped expectations in november, growing at its fastest pace in more than two years. construction spending edged .8% in october. this is its fastest pace in more than four years, driven by a boost in government project. and today marks the biggest online shopping day of the year, cybermonday. analysts expect over 131 million people to jump on the web for the best holiday deals. excuse me while i get back to shopping. that's it from cnbc, first in business worldwide. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. whereve
side. you can reform the tax system and blame what you don't like on the other side. but i prefer doing things and blame it on the other side. thank you. >>> up next, the latest from republicans. president obama is anti-catholic, they say. never stops. this has to do with real estate, by the way. not religion. this is "hardball," the place for politics. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank
tax, maybe you don't want to get too used to that. the supreme court refused to intervene over state sales taxes for purchases on amazon.com. it is likely to prompt more states to collect taxes on internet sales. >> meantime the numbers are in and cyber monday was a huge success for retailers. sales were up nearly 20% for last year. don't worry if you missed out. there's plenty of time to score dealers. they have extended their deals for what they're calling cyber week. >> if you haven't booked the holiday flights, here's what you can expect. a airfares are up slightly from last week. a cross country weekday flight should you run about $560 and $670 on the weekend. a shorter weekday flight averages about 350 or $520 friday through sunday. >> we've got news this morning on a possible christmas tree crisis. a root root targeting the popular frazier fur species has farmers scrambling to come up with a plan b. that could cost farmers hundreds of millions of dollars if it's n not contained. some were like turkish furs more resistant to the rot. >> it is the season of giving and according
are encouraging people to go to a site that our own government knows isn't private. they collect tax information that criminals could use for scams. >> they say you should build the security platform first so customers and consumer trust you and your product. >> the president will try to sign up on the federal exchange. do you think it will be smooth? send us a tweet and let you know what you think about the president's exercise in trying to sign up. >> when speaker boehner did this about a week ago it took about a couple hours. >> i think it is going to go smoothly when the president tries >> hearing on the hill about how the president has handled this. the house is looking to see if the president violated constitutional rulings. >> you can expect the tone to be tough today. look at what house chairman bob said quote president obama has disregarded the mandates and changed key provisions without approval and failed to enforce immigration and drug laws. it is apparent, he says, that the president's vested interest is in the interest of his own agenda. you can expect democrats to take up for the
choice and competition on this marketplace and tax credits that you may be eligible for that can save you hundreds of dollars in premium costs ever month potentially. we need people now that we're getting the technology fixed, we need you to go back and take a look at what's going on because it can make a difference in your lives and lives of your families. and maybe it won't make a difference right now if you're feeling healthy, but i promise you, if somebody in your family heaven forbid gets sick, you'll see the difference. it will make all of the difference for you and your family. i'm going to need help in spreading the word. i'll need help in spreading the word. spread the word about the law, its benefits and its protections and about how folks can sign up, tell your friends and family. do not let the initial problems with the website discourage you. because it's working better now and it's just going to keep working better over time. every day i check to make sure it's working better. and you know, we've learned not to make wild promises about how perfectly smooth it's going to be a
on arrival, whether it was immigration or fairness in internet sales tax. all of these measures coming over from the senate are literally wilting here, because the committee system on the house side is unwilling to take these measures up. so i think he is looking through a different lens. >> well, your colleagues on the other side of the aisle actually do have an idea that they want to put forward. and it would ease sequestration, a couple measure of the republican house caucus would like to ease sequestration by cutting social security. is that the kind of seriousness that americans are looking for out of congress, or in a way, should americans be kind of glad they're not getting a lot done because that's the kind of thing they want to do? >> well, good point. but that is -- in my view, dead on arrival, both among democrats and in the senate. to somehow say we want to ease sequestration so we can line the pockets of defense contractors and by the way we're going to do it on the backs of senior citizens in this country, is just an anathema, to me and most people in this country, generally,
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